Some $500,000 is now available to create an electronic straw market of sorts, allowing the world access to the Bahamian craft industry. Yesterday Inter-American Development Bank (IDB) representatives told Guardian Business that agency was providing a grant of $313,568 for the project from the Multilateral Investment Fund, with another $186,050 provided by the Bahamas Agricultural & Industrial Corporation (BAIC). "The goal of the project is to help to strengthen the local handicraft industry through the introduction of information and communications technology (ICT)," said IDB country representative Oscar Spencer. "The specific objective is to develop a virtual platform to ...

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